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  • #38,881
  • Oct 10, 2008 2:54pm Oct 10, 2008 2:54pm
Computers at war with each other is what we are watching.
Redefining Reality
  • #38,882
  • Oct 10, 2008 2:54pm Oct 10, 2008 2:54pm
Have a great weekend...I'm gonna take that and run to the hills.
T.S.
  • #38,883
  • Edited 3:21pm Oct 10, 2008 3:10pm | Edited 3:21pm
Quoting Jay Walker
What makes say that we might be looking for new brokers? That statement got me somewhat puzzled.
Sorry, just got back. Two things, one more likely than the other. Most likely is some of us will find liberal interpretations of the fine print that we never dreamed existed in our dealings with them over execution of trades and so on. We'll be so disgusted by some of the things they do, we'll be looking for a new home. Problem is, there's no simple answer to that problem. At the end of the day, we're a captive audience... alternatives are few to non-existent, and the actual differences between most borkers is minimal.

Second is less likely, but I won't rule it out. There are gonna be some borkers that have liquidity issues sooner or later, and then the next wave of fly by night borkers going out of businesss, or getting assimilated by the big dog borkers will begin. Big dog eat little dog...

Everyone should have this bookmark and spend a dull hour reading the monthly report... My question is why is the most recent data always a couple months old...???

http://www.cftc.gov/marketreports/fi...fcms/index.htm

Borkers have gone out of business in better times than these...


PS. A world class scalper acquaintance of mine that thinks a 3m chart is a high TF, has his accounts spread across 4 separate ones... He really has trust issues.
FUBAR...
  • #38,884
  • Oct 10, 2008 3:26pm Oct 10, 2008 3:26pm
Quoting ak4x
Sorry, just got back. Two things, one more likely than the other. Most likely is some of us will find liberal interpretations of the fine print that we never dreamed existed in our dealings with them over execution of trades and so on. We'll be so disgusted by some of the things they do, we'll be looking for a new home. Problem is, there's no simple answer to that problem. At the end of the day, we're a captive audience... alternatives are few to non-existent, and the actual differences between most borkers is minimal.

Second is less likely, but I won't rule it out. There are gonna be some borkers that have liquidity issues sooner or later, and then the next wave of fly by night borkers going out of businesss, or getting assimilated by the big dog borkers will begin. Big dog eat little dog...

Everyone should have this bookmark and spend a dull hour reading the monthly report... My question is why is the most recent data always a couple months old...???

http://www.cftc.gov/marketreports/fi...fcms/index.htm

Borkers have gone out of business in better times than these...


PS. A world class scalper acquaintance of mine that thinks a 3m chart is a high TF, has his accounts spread across 4 separate ones... He really has trust issues.
I think he's just being smart. I'm not big enough a player to justify doing this yet but when I am, that's what I'll be doing.
Not all sins are created equal
  • #38,885
  • Oct 10, 2008 3:39pm Oct 10, 2008 3:39pm
Quoting Jay Walker
I think he's just being smart. I'm not big enough a player to justify doing this yet but when I am, that's what I'll be doing.
NO, I totally agree!! My facetiousness didn't come thru well in print... He's also 4 times as aggravated as we are...
FUBAR...
  • #38,886
  • Oct 10, 2008 3:47pm Oct 10, 2008 3:47pm
Quoting ak4x
NO, I totally agree!! My facetiousness didn't come thru well in print... He's also 4 times as aggravated as we are...
I wouldn't fret about it. No point crying over split milk, much less when it isn't spliied yet
Not all sins are created equal
  • #38,887
  • Oct 10, 2008 3:47pm Oct 10, 2008 3:47pm
BTW, I just remembered that GY trade chart I posted on accident earlier today. Hit the wrong tab on the browser and was a little zoned out.. Don't know if anybody took it or not, but that wound up netting 120 pips after scaling out half at the 69.80 target for 55 pips, but if you did! Dropped another 40 or so down to 67.75 after closing it!

Anyway, here's what I been trying to say all week, but a little differently. This isn't just high volatility... It's something the planet has never seen before... That needs to be thought about. Over copious amounts of Guiness of course, but still...

from the GY thread... fodder to ponder. Actually mentions a "new bretton woods"... big stuff.
http://www.bloomberg.com/apps/news?p...d=aP5mpMUORBWM

Quoting TraderStar
Did you guys hear about this:
(Bloomberg) link on Drudge

Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''
``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''
FUBAR...
  • #38,888
  • Oct 10, 2008 4:47pm Oct 10, 2008 4:47pm
i hope forex market wont get banned "short" positions.
  • #38,889
  • Oct 10, 2008 9:32pm Oct 10, 2008 9:32pm
Every now and then you have take a step back and look at the bigger picture.

In general... the greater the time frame the greater the strength of the S/R... etc.

Fibs on higher time frames are often accurate predictors of S/R.

Today was a great example.

This pair finally broke S1 and then moved down nicely to S2 and then S3.

Then... someone put a fire under the azz of this pair... and it's name was 61.8.

I said recently - I'll have to hunt down the post - that we would move to 61.8 and then bounce.

I didn't think the bounce would happen that fast... nor did I think the move to 61.8 would either.

Either way... expect consolidation and a move north before we make a full retrace to 1.1639... if the EURO is still around.

I'm willing to bet the move to 1.1639 will take a lot longer than the initial move to 61.8.
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  • #38,890
  • Oct 10, 2008 10:09pm Oct 10, 2008 10:09pm
Hi i'm new in trading been doing demo since jun 2008.blow out 2 live mini account .the funny think when I trade on demo everything was fine. Just place and order either sell or buy off the PC ,it will be a positive trade that simple .(no emotion) But things turn the other way around with live account.It seems that I got no clear direction with my trading style.( MACD ,moving average,Bollinger band,stochastic etc) my mind get intertwined.It keeps my emotions uncheck and equity sink and dividing. But ever since follow this forum (for 2 weeks) EU/USD i'm begin to realize how to navigate to the right direction. Thanks to all of you.Thanks to Psiholog love you posting ,the way you analysize the trend keep it up men! Hey Acumen you too are great
your trading style makes my mind clear i would say (Accurate men! =Acumen)
just download you video and currently using your style.Last trade make +340 pips 15 positive trades and 3 negative trades.See you guys next week.
  • #38,891
  • Oct 10, 2008 10:48pm Oct 10, 2008 10:48pm
In Weekly and monthly chart is overshoot

iam long term trader

iam short EU from 1.600

still short



target 1.3184


I love murrey math trading

Make Pips everyday

looking my chart ad what do u think

in -2/8 now

is extremely overshoot

let see


and long from here 1.3184

and target in line 0/8, 2/8, 5/8, 8/8 and +/2/8


LONG EU IN 1.3184

IS EXTREMELEY OVERSHOOT
Attached Image (click to enlarge)
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  • #38,892
  • Oct 11, 2008 12:04am Oct 11, 2008 12:04am
Greetings to all and with the come days off.
  • #38,893
  • Oct 11, 2008 12:18am Oct 11, 2008 12:18am
Want to see a screenshot of a 108 pip spread right before the close... borkers REALLY didn't want anybody trading this thing.

it's on the gy thread.
http://www.forexfactory.com/showpost...stcount=121385
FUBAR...
  • #38,894
  • Oct 11, 2008 12:42am Oct 11, 2008 12:42am
This link is to a post also on the GY thread. There is a trader named markam there that has accurately called multi thousand pip drops on the GY pair many months in advance, and his dates have been accurate to within 3 to10 days off.

That is scary good.

He has some uncanny insights into how things work and when to expect them. I'd encourage you to roan thru some of his posts from the last few weeks if you have time. He doesn't post all that much. They're almost too gloomy even for me sometimes, but if he's only half right, or even a quarter right... you'd still want to be aware of some of these things.

This link is to his late Friday nite post. I replied with a link to a very serious and insightful article I just received from a service I subscribe to on the G7 meetings this weekend. Don't want to do a Warrenforex thing, so just click the link to get to the post, the link there will take you to the article.
http://www.forexfactory.com/showpost...stcount=121420
FUBAR...
  • #38,895
  • Oct 11, 2008 12:44am Oct 11, 2008 12:44am
Quoting ak4x
Want to see a screenshot of a 108 pip spread right before the close... borkers REALLY didn't want anybody trading this thing.

it's on the gy thread.
http://www.forexfactory.com/showpost...stcount=121385
I just read a link that you posted in another thread:
http://hosted.verticalresponse.com/2...66/f3d428fd78/

Oh no is all I can think of. I hope that OTC Forex trading will be ok
  • #38,896
  • Oct 11, 2008 1:10am Oct 11, 2008 1:10am
Quoting ak4x
Want to see a screenshot of a 108 pip spread right before the close... borkers REALLY didn't want anybody trading this thing.

it's on the gy thread.
http://www.forexfactory.com/showpost...stcount=121385
JESUS CHRIST!
Not all sins are created equal
  • #38,897
  • Oct 11, 2008 1:19am Oct 11, 2008 1:19am
Even Hotspot closed with a 13 pip spread today.
  • #38,898
  • Oct 11, 2008 6:22am Oct 11, 2008 6:22am
I didn't trade last Friday, wasn't at home, but I am really angry to not ride this drop, even with this volatility I think I would gain +150 pips.
I leave a Short enter at 1.3666, but I forgot to set a Order of a 1.3450 Break.
The Volatility seeing, some 30/50 pips SL trades were flushed away on falsie break channels. I can imagine!!
My TP for my Entry trade would be 1.3333, "I really like this number"
Why only this happen when I am not trading!!!

For the week to come I know a lot of traders are waiting more big drops, but be careful about that, we can drop further next week but the high volatility will remain.
Don't Follow my advices, but there is a "BIG" Possibility to be seeing a huge up move before new big drops.
There is a very important and magic number to watch next Monday:
1.3515

I will only trade Monday Morning after seeing what gap will happen, but I may put a small trade around 24:00 GMT after seeing price pattern until then!

Nice weekend to all!
  • #38,899
  • Oct 11, 2008 7:46am Oct 11, 2008 7:46am
Quoting BoredToLoose
I didn't trade last Friday, wasn't at home, but I am really angry to not ride this drop, even with this volatility I think I would gain +150 pips.
I leave a Short enter at 1.3666, but I forgot to set a Order of a 1.3450 Break.
The Volatility seeing, some 30/50 pips SL trades were flushed away on falsie break channels. I can imagine!!
My TP for my Entry trade would be 1.3333, "I really like this number"
Why only this happen when I am not trading!!!

For the week to come I know a lot of traders are waiting more big drops, but be careful about that, we can drop further next week but the high volatility will remain.
Don't Follow my advices, but there is a "BIG" Possibility to be seeing a huge up move before new big drops.
There is a very important and magic number to watch next Monday:
1.3515

I will only trade Monday Morning after seeing what gap will happen, but I may put a small trade around 24:00 GMT after seeing price pattern until then!

Nice weekend to all!
hey man buy a windows mobile phone and sign up with a broker with MT mobile!
  • #38,900
  • Oct 11, 2008 8:15am Oct 11, 2008 8:15am
Quoting silverwhite1
Hi i'm new in trading been doing demo since jun 2008.blow out 2 live mini account .the funny think when I trade on demo everything was fine. Just place and order either sell or buy off the PC ,it will be a positive trade that simple .(no emotion) But things turn the other way around with live account.It seems that I got no clear direction with my trading style.( MACD ,moving average,Bollinger band,stochastic etc) my mind get intertwined.It keeps my emotions uncheck and equity sink and dividing. But ever since follow this forum (for 2 weeks) EU/USD i'm begin to realize how to navigate to the right direction. Thanks to all of you.Thanks to Psiholog love you posting ,the way you analysize the trend keep it up men! Hey Acumen you too are great
your trading style makes my mind clear i would say (Accurate men! =Acumen)
just download you video and currently using your style.Last trade make +340 pips 15 positive trades and 3 negative trades.See you guys next week.
Appreciate the kind words.

So far that's an 86% hit rate... very nice.

Money management and and you are on your way.

Mike
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